Automobile Market: Decline in Vehicle Sales

Vehicle sales have been experiencing a significant slowdown in recent months, according to the latest figures released in November by the National Land Transport Authority. As of October 31, 916 new vehicles were registered in October, compared to 911 in September, 948 in August, 1,895 in July, and a record of 3,743 in June. Prior to this peak, monthly sales consistently exceeded 1,400 vehicles.

This notable decline is mainly attributed to...